Binance sees surge in whale investor activity since start of 2024

Although Binance has traditionally been viewed as a retail-focused exchange, its use by whale investors has surged since the beginning of 2024, according to a CryptoQuant contribution by cryptocurrency analyst maartunn. The analyst noted that the average BTC inflow per transaction on Binance, based on a seven-day moving average, was just 0.8 BTC at the start of last year but has since risen to 13.5 BTC.